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. i think the numbers are not actually accurate that the government projects there. but the last four months was remarkable because usually equities and growth, you know, merge together. sometimes equities anticipates it. sometimes it lags. but growth numbers keep falling. and yet the equity market keeps rising. i think the s&p is now -- should be thought of as a different sort of class of instrument used by investors around the world. i think now that the yield of the ten-year or of corporate credit, i think it hasn't been this tight since the '50s. and i think therefore if you look at it on a yield basis and if you believe that multinationals, leading multinational companies will have enough growth to have growth, and i think that's actually true, because global growth, from a consumer standpoint and spending is going to be positive, then in a way these equities are mispriced relative to, you know, the ten-year. >> so you're talking about the idea which we've seen in force, buying these larger stocks that have significant dividend yields, you think that's creating a new dynamic, tho
in power coming up in china. typically there is inaction on the part of the government in terms of huge programs where it be stimulus or not. many expect you may not get something substantive still march. there's also a great deal concern about the financial system. you hear it a lot. we all talk about the lack of validity of many of the statistic that is we still rely on. but within the financial system itself, where the debt really is, a number of metrics that are followed and thought to be worthy of following are not looking great. there's continued concerned. >> we're running smack into -- our companies have to tell the truth. but there's a huge cohort of companies in our company that don't need a whole lot of growth. so we're funneling into winners and leaving aside cyclicals as losers. >> world bank goes from 8.2 to 7.7. if you think 5 to 6 is the real number, should we be bracing for more -- >> yeah. look, these guys want to do everything incremental but the data's bad. i saw someone recommending gm today on strength of china sales. everyone wants to get ahead of the turn. but no
to start trading. >>> plus a live interview with the ceo. >> the third agency of government, i would do away with the education, the -- commerce and, let's see, i can't. the third one, i can't. sorry. oops. >> hear what texas governor rick perry is talking about tonight. >> announcer: these markets can be as unpredictable as the weather. one way to do that, carry an umbrella. now is your chance to win a stylish cnbc one signed by the "squawk on the street" gang. tweet your guess to our new twitter handle, @squawkstreet and nail the number. oh, yeah, you have to be at least 18 years of age to enter. sorry, kid. go to you have until this friday morning. ask me what it's like when my tempur-pedic moves. [ male announcer ] why not talk to someone who owns an adjustable version of the most highly recommended bed in america? ask me about my tempur advanced ergo. goes up. goes up. ask me what it's like to get a massage anytime you want. goes down. goes down. [ male announcer ] tempur-pedic brand owners are more satisfied than owners of any traditional mattress br
continued growth in professions in business and also in local government, education, and more importantly in health care and those are areas that i know something about, i've been traveling around the country and we're seeing more investments in manufacturing and high-skilled labor areas and that's where you need to play the focus and we need congress to cooperate with us to make sure we can go. >> we can go through all of the talking points we do every month, madam secretary. congress needs to do more and i want to read you one tweet for jack welch who used to run general electric and a man who knows a bit about economic data is created and this is his tweet this morning, madam secretary. unbelievable jobs numbers. the chicago guys will do anything, can't debate, so change numbers. what do you say to him? >> i would say that i have the highest regard for our professionals that do the calculations in the bls. they are highly skilled economists trained in this area, and you have to look at two surveys that have been done. the payroll as well as household survey. you see where those two bit
. did you notice christine laguard sounding by bernanke making a point in the report that governments need to act to fix the economies. if we don't get the improvement there, we are in trouble. let me move on to talk about owens-corning, i have been covering this 20 years. i'm the son of a home builder and we bought a lot of fiberglass insulation from owens-corning over the years. it's a tricky company to cover because it is only partly tied to new home sales. they have this fabulous fiberglass insulation division that everybody sees when new houses go up in between the beams they put up. that's a big part of their business tied to new home sales but the other parts aren't tied to new home sales. so the roofing division, for example, yes, they can put new homes with roofs on them, but the big money there is replacement roofing. and in replacement roofing they have a fabulous 2011 because there were a lot of storms around the country. so business shot right up. so the margins or rather the comparisons to a 2011 don't look that good because the storms haven't been that great. they have
that zell made some good points. whoever the government is that made it so hard to buy also made it easy to buy. >> the banks are doing it on their own. five, six years they were willing to lend to anyone. >> sorry. >> go ahead. >> that was pointed out by the citi note that underwriters are much tighter these days. so the risk is we have all the starts and the home builders are doing well but they will reach the point where the buyers can't get the credit they need and demand is gone. >> that's why when the toll brothers made it, they were in the process. it is one of those things, why aren't more people using the money and bernanke -- go buy a house, chairman. chairman bernanke, go buy an apartment for rental. what you'll see is unless you pay in cash or cut out the banks entirely and that hurts the rate of return, unless you're paying crash you'll tie yourself up for a really long time. evil gains are feeding into things. i do need to modulate here in the risk of the parts of corporations and the banks doing a 180. this is trauma from the financial corporation, which is okay. you want
Search Results 0 to 5 of about 6